2014 S La Corta Drive, Tempe, AZ 85282

$9,840,000
List Price
$9,840,000
Status
ACTIVE
Days on Market
18
MLS#
6508623
City
Tempe
Lot Size
14
Year Built
1956

Property Description

Turn key investment portfolio in the highly sought after city of Tempe. Offering 14 hand curated and exceptional short term rental properties that have over $2m in renovation and remodeling costs. The in place operations offer continued stability and favorable operational costs. Financials available on request with appropriate proof of funds.This is a unique offering to purchase a stable portfolio of homes in the exceedingly strong and sought-after Arizona housing market and one of its most desired neighborhoods, Tempe. This offering has immediate cash flow and revenue growth built in. With over 40% of households in Metropolitan Phoenix being renter-occupied, this a perfect opportunity for short or long term rental operations. In recent years, Tempe has benefited from transformational investment that has dramatically increased the residential population and generated a rich array of restaurants, retail, events and entertainment venues. The immediate area highlights include: Arizona State University (±70,000 students), Tempe Town Lake (urban waterfront property with employment anchors of State Farm Insurance, Carvana & KPMG), Old Town Scottsdale (world class restaurants, shops, nightclubs and art galleries) and SkySong (Innovation and Technology Center with 1.2 million square feet at build-out). This is a bulk sale, the following parcel's are included - 129-19-014, 133-24-020, 129-15-167, 301-47-308, 133-36-059, 132-11-010, 124-60-070, 124-77-077, 124-76-015, 123-47-021-A, 133-38-155, 133-39-273, 133-36-533, 124-74-123

Additional Information

Taxes
$1,923
Operating Exp
1923
Units
52
Project Type
13 - 24 Units
Construction
Block, Other (See Remarks)
Roofing
Comp Shingle, Other (See Remarks)
Parking
Garage, Street Parking, Carport, Paved Parking, Other (See Remarks)
Cooling
See Remarks
Heating
See Remarks
Floors
Carpet, Wood, Other
Interior Amenities
Furnished
Exterior Amenities
Green Landscaping, Other (See Remarks), Desert Landscaping
Zoning
R1-6
Subdivision
Broadmor Manor Amd
Community Amenities
See Remarks
Electric
Other (See Remarks)
Gas
Other (See Remarks)
Water
See Remarks
Sewer
Sewer - Public
Tenant Pays
Other (See Remarks)
New Financing
Conventional, CTL, Other (See Remarks), 1031 Exchange
School District
Tempe Union High School District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of North & Co.

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